A shadow hangs over tbne Blockbuster location on South Bayview south of Millwood today after the national chain was placed in receivership. The ominous turn for Blockbuster Canada comes some six momnths after its U.S. parent filed for Chapter 11 bankruptcy protection. The Ontario Superior Court of Justice appointed consulting and accounting firm Grant Thornton Ltd. as receiver, according to documents empowering it to “take possession of and exercise control over” Blockbuster Canada’s assets, Grant Thornton has effectively been given control over the film and video game rental chain’s more than 400 locations across Canada. Those with jobs at the Leaside branch will keep them “until such time as the receiver, on the debtor’s behalf, may terminate the employment of such employees.”
